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Competitive Benchmarking of Key Patient Monitoring Companies
Frost & Sullivan, February 2007, Pages: 68
This Frost & Sullivan research service titled Competitive Benchmarking of Key Patient Monitoring Companies presents a 360 degree view of the top strategies in the patient monitoring industry.
Commendable Growth Strategies Enable Companies Withstand Maturity in the U.S Patient Monitoring Industry
The patient monitoring industry in the United States and the EU countries is in a stage of maturity. Large medical equipment manufacturers and vendors are looking at possibilities of growth through geographic expansion and consolidation. "The companies which can be termed ‘pure blood’ patient monitoring companies are ceasing to exist, as the lines between healthcare IT and medical equipment as two separate industries are gradually disappearing," notes the analyst of this research service. "At such a time as this, some companies have maintained their market standing and have grown to greater heights through exemplary strategies."
Datascope is focussing on product line extension and customer support by creating innovative offerings such as service support for any patient monitoring system. On the other hand, Drager Medical is aiming for technological innovation and value creation to attain organic growth. GE Healthcare is moving toward strategic mergers and acquisitions in alignment with the company’s vision to attain rapid growth in participating markets along with innovative technology and value creation. Spacelabs Healthcare is directing its efforts toward product line extension and growth through the accomplishment of better margins. Value creation through optimised product service mix, customised pricing strategy for clinical segments and geographies, mergers and acquisitions to extend product line and increased product offering across care continuum are the objectives that Philips Medical is aiming to accomplish.
Current Demographic and Industry Trends Present Scope for Growth
Aging baby boomer population is increasing the need for critical care and chronic disease management. Cardiac care is the need of the hour, and most companies have identified it as their core area of focus.
"With increasing alignment toward wireless and integration of systems with healthcare IT systems and the convergence of telecommunication, IT and medical devices, there is ample scope for development of homecare and growth, provided the right market space is targeted to leverage the core competencies and the vision of the company," says the analyst.
-1. Executive Summary
-2. Introduction to Patient Monitoring Industry
--1. Introduction
---1. Industry Definitions
---2. Industry Economics
---3. Industry Segmentation and Scope
---4. Industry Structure
---5. Industry Challenges
-3. Profiles of Strategically Targeted Patient Monitoring Companies
--1. Profile
---1. Benchmarking Process
---2. Strategically Targeted Patient Monitoring Companies
---3. Market Share of Different Vendors
-4. Product Benchmarking
--1. Product Benchmarking
--1. Product and Technology Benchmarking
-5. Strategic Benchmarking
--1. Strategic Benchmarking
---1. Scope
---2. Geographic Focus
---3. M & A Activity
---4. Customer Focus
-6. Conclusions
--1. Summary
---1. Conclusion
-7. Decision Support Database
--1. DSD
---1. Total Healthcare Expenditure
---2. Total Number of Hospitals
---3. Total Number of Hospital Beds
-8. About Frost & Sullivan
--1. Frost & Sullivan
---1. About Frost & Sullivan
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